Hello to you! I'm not a leasing expert - I just moderate the forums. Hopefully one of our knowledgeable members will drop by and let you know how you did.

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Should come to $299 a month with a $1,000 down. Now since the first months payment is included in the $1,000 in reality I'm only putting $700 towards my cap cost correct? So if I am techincally only putting $700 towards the cap cost then the monthly price would go up by $9 making a grand total of $308 per month...right?

I don't know how many months you are talking about, but what about the acquisition and DMV fees? Sounds to me like, with $1k due at signing, you aren't applying anything to the car itself. If paying first month up front, you are actually adding several hundred bucks to your cap cost, no?

Ok now I'm officially lost. It's 36 months, 12,000 miles. If I put all those numbers in the lease calculator (including $1,000 down) I get

Total Loan Amount $28,427 Monthly Payment (tax included) $299

I thought that the DMV fees and the first month had to be paid up front? I would need to put down at least $700 to pay those off to drive off. If I rolled those in wouldn't my monthly payment go up? Or are you saying I should negotiate the price of the car lower?

Ok I see what your saying. The final neg. price would be $28402. You would have to add DMV ($450) and ACQUISITION ($595) fee to this which would make the cap cost $29,427.

I want to pay first month, DMV fees which is $730 and add the $280 as a cap reduction totaling $1000 down. I'm doing this to get my payment to be $300, I don't want to go much higher then that.

That's what I'm asking though I want to put $1,000 down, the first month is going to have to come out of that or they are going to roll it into the payments so technically I'm only putting $700 down right? Which means at that negotiated price, my monthly is going to go up by $9 correct?

Well, I THINK you could tack the first month onto the end. I could be wrong. So, in other words, instead of first month up front and 35 payments, you actually make 36 payments, starting 30 days after you get into the car. Again, I could be totally off base here, but worth looking into.

In any case, yes, $300 additional cap cost should be roughly $9.

I haven't run your numbers through a lease calculator, but don't forget tax on the monthly payment.

edit: oK, ran it through calculator. Looks like you are right on the money. It is still telling me, however, that you should be at $300/mo with tax after just $1k down. That's probably calculating like I did above, that you would make 36 payments, not the first payment up front.

Getting close to leasing a car, but every calculator / formula I use produces different results... so I figured I'd just ask.

I've tried about 5 different ones, as well as creating my own based on formulas found here, on bankrate, and one or two others.... all end up different.

So - if anyone can point me to a true formula, that'll really help!

Well... that's the one I used just before posting!

FWIW that gave me a monthly (including taxes) of 356.92; Edmunds gave me a monthly including taxes of 282.51. Obviously a pretty significant difference!

Numbers are 29,625 msrp, 27,625 cap cost, 36 months, .6 res value, .0016.

I'm sure I'm messed something up... not sure what it is though!

??? what are you entering into edmunds' calculator? I entered what you listed above, excluded acquisition and DMV since you didn't list any, used 17775 as the residual, and assumed 7% tax. It spits out $382/mo for 36 mos.

Hi again - "> 27,625 cap cost, 36 months, .6 res value (17775 based on MSRP) (I see Edmunds doesn't provide for entering MSRP?), .0016 money factor with 2,000 down. I get $338, tax included!

A reporter would like to speak to someone who is going to be in the market for a new car in the next few months because their lease is expiring. If you fit this description, please email your daytime contact info to pr@edmunds.com by Friday, January 25, 2013 at noon PT/3 p.m. ET.

I was given a quote for a '13 Acadia Denali of $575 w/tax in NJ but after further research I am questioning the deal. I called the dealer and seem to be getting a lot of double talk so I want to confirm my calculations to make sure I have a leg to stand on. Thanks in advance...

Here's the deal:

MSRP $48795 Base Cap Cost $47564 Rebates $4000 Additional Fees (Acq, Title, etc) $1521 Residual (57%) $27813 Money Factor .00077 Term 39 months sales Tax 7%

Monthly Payment $500 plus tax--NOT SURE WHAT PROPER AMOUNT IS ($34??)

The dealer claims they can't get to my number but are not disputing the money factor or residual. They keep talking about the sales tax but don't seem to be making sense to me. Even if sales tax is $34 month I'm still only at $534 not $575. In NJ, is sales tax paid by the lessee on the vehicle upfront? I didn't think it was but maybe I'm wrong and need to add additional money to cost of the vehicle???

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10,674I'm not a leasing expert - I just moderate the forums. Hopefully one of our knowledgeable members will drop by and let you know how you did.

Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.

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0 · Like LOL212013 ACURA ILX PREMIUM 6 SPEED

MSRP $30095

NEG PRICE $28402

NY TAX 8.75%

AQUISITION FEE $595

DMV FEES $430.27

RESIDUAL 18057

MF .00024

Should come to $299 a month with a $1,000 down. Now since the first months payment is included in the $1,000 in reality I'm only putting $700 towards my cap cost correct? So if I am techincally only putting $700 towards the cap cost then the monthly price would go up by $9 making a grand total of $308 per month...right?

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0 · Like LOL16,886'13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

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0 · Like LOL21Total Loan Amount $28,427

Monthly Payment (tax included) $299

I thought that the DMV fees and the first month had to be paid up front? I would need to put down at least $700 to pay those off to drive off. If I rolled those in wouldn't my monthly payment go up? Or are you saying I should negotiate the price of the car lower?

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0 · Like LOL21I want to pay first month, DMV fees which is $730 and add the $280 as a cap reduction totaling $1000 down. I'm doing this to get my payment to be $300, I don't want to go much higher then that.

That's what I'm asking though I want to put $1,000 down, the first month is going to have to come out of that or they are going to roll it into the payments so technically I'm only putting $700 down right? Which means at that negotiated price, my monthly is going to go up by $9 correct?

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0 · Like LOL16,886In any case, yes, $300 additional cap cost should be roughly $9.

I haven't run your numbers through a lease calculator, but don't forget tax on the monthly payment.

edit: oK, ran it through calculator. Looks like you are right on the money. It is still telling me, however, that you should be at $300/mo with tax after just $1k down. That's probably calculating like I did above, that you would make 36 payments, not the first payment up front.

Heckuva deal on a $30k car.

'13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

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0 · Like LOL21- Spam
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0 · Like LOL12I've tried about 5 different ones, as well as creating my own based on formulas found here, on bankrate, and one or two others.... all end up different.

So - if anyone can point me to a true formula, that'll really help!

thanks,

Andrew

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0 · Like LOL25,856I do it on a spreadsheet that my then 12-yr-old son made for me...

Moderator - Prices Paid, Lease Questions, SUVs

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0 · Like LOL12Well... that's the one I used just before posting!

FWIW that gave me a monthly (including taxes) of 356.92; Edmunds gave me a monthly including taxes of 282.51. Obviously a pretty significant difference!

Numbers are 29,625 msrp, 27,625 cap cost, 36 months, .6 res value, .0016.

I'm sure I'm messed something up... not sure what it is though!

thanks,

Andrew

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0 · Like LOL25,856Moderator - Prices Paid, Lease Questions, SUVs

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0 · Like LOL12thanks

A

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0 · Like LOL16,886what are you entering into edmunds' calculator?

I entered what you listed above, excluded acquisition and DMV since you didn't list any, used 17775 as the residual, and assumed 7% tax. It spits out $382/mo for 36 mos.

'13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

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0 · Like LOL12">

27,625 cap cost, 36 months, .6 res value (17775 based on MSRP) (I see Edmunds doesn't provide for entering MSRP?), .0016 money factor with 2,000 down. I get $338, tax included!

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0 · Like LOL10,674Need help navigating? kirstie_h@edmunds.com - or send a private message by clicking on my name.

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0 · Like LOL12Well, then... thanks for the awesome pie we had on Saturday, too!

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0 · Like LOL25,856I did a straight calculation, based on the parameters you gave me...

Cap cost - residual = depreciation which is then divided by the lease term in months..(Cap cost+residual) X money factor = monthly finance charge.Monthly depreciation + monthly finance charge = lease payment.Taxes vary depending on state and rate..

Moderator - Prices Paid, Lease Questions, SUVs

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0 · Like LOL16,886'13 Stang GT; '86 Benz 300E; '98 Volvo S70; '12 Leaf; '08 Town&Country

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0 · Like LOL38,914- Spam
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0 · Like LOL9Here's the deal:

MSRP $48795

Base Cap Cost $47564

Rebates $4000

Additional Fees (Acq, Title, etc) $1521

Residual (57%) $27813

Money Factor .00077

Term 39 months

sales Tax 7%

Monthly Payment $500 plus tax--NOT SURE WHAT PROPER AMOUNT IS ($34??)

The dealer claims they can't get to my number but are not disputing the money factor or residual. They keep talking about the sales tax but don't seem to be making sense to me. Even if sales tax is $34 month I'm still only at $534 not $575. In NJ, is sales tax paid by the lessee on the vehicle upfront? I didn't think it was but maybe I'm wrong and need to add additional money to cost of the vehicle???

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0 · Like LOL